Quote:
Originally Posted by TracyCoxx
I think Ron Paul had it right. We should never have done the Wall Street bailout in the first place because we can't afford it. If you're deep in debt, anyone with a brain knows you don't put yourself further in debt. That's obvious and I can't believe it has to be explained.
And you don't do nothing. The budget MUST BE BALANCED! This is another thing that is so obvious it shouldn't need explaining. There's tons of pork that we're paying for, and everybody knows it. Cut that crap out.
We need to transform the country so that we produce actual goods, not just services. When we export goods, we lower our deficit. And the way to do that is NOT by increasing taxes on corporations. They will scale their production down, go bankrupt or leave the country.
Yes, it will be painful for a few years. Pain is the only way to lower the deficit, but when we do, we will be much stronger as a nation. What BO is doing is propping up every bad idea that has failed so that it stays with us and continues to screw us.
And btw, even doing nothing would be better than what BO has done. The economy started to recover before the stimulus package had a chance to go into effect.
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TRACY:
So, you don't believe Cheney when he said they had to do the bailout to avoid a Great Depression?
TAL